The Legislative Council will be recalled in December to debate the bill.

Marathon

After sitting until 4am, debate resumed this morning with the Opposition declaring the deal dead.

During debate overnight, Mr Hodgman called for an election saying Labor has sold out to the Greens.

"I would not pay that price, I would not sell away an industry, people's jobs, people's livelihoods and regional communities," he said.

"We're not prepared to do that. We never will."

The Greens' Cassy O'Connor ridiculed the election call.

"You've got the gall to come in here and move that nauseating amendment," she said.

The Greens' Kim Booth laughed at the Opposition Leader's performance.

"The contribution by the Leader Mr Hodgman was so comical that if he'd been playing the village idiot he would've been accused of gross overacting," he said.

The Liberal Party's Adam Brooks says the Resources Minister, Bryan Green, had also sold out to the Greens.

"Green by name, green by nature," he said.

Mr Green says it is about ending the decades of conflict in the forests.

"I think most Tasmanians want to see a resolution to this; they want to see a volume that's secure; they want to see conservation outcomes; they want to put an end to the debate that's existed and held Tasmania back for so many years."

Not bound

The Huon Valley Environment Centre says it is not bound by the peace deal and has offered no guarantees it will stop campaigning.

Spokeswoman Jenny Weber says there is no guarantee that half a million hectares of forest will be protected.

Ms Weber says clauses and durability reports mean logging will continue in the protected areas during the transition process.

She wants an immediate moratorium on logging and has vowed to join with Still Wild, Still Threatened to continue protests.

"Let's move on from the rhetoric of peace in our time, the unfounded promise of peace in our time assurances and see this for what it is," she said.

"It's a deal, it's a step forward but there's still a way to go to ensure the protection for Tasmania's forests."

She cautiously welcomes the deal, but says the devil is in the detail.

"We are concerned that there seems to be some forests that will be held to ransom and the full protection of these forests will be dependent on what happens in the marketplace or in the forests," she said.

"How it is perceived that our organisation would be bound to this agreement when we're not actually at the table is a concern for us."

Terry Long from the Tasmanian Minerals Council fears an end to the forest wars will turn conservationists' sights to mining.

"If they do manage to bowl over the forest industry it will shift, or it has shifted, onto mining."

"I mean you still have the standing army of green complaint and it needs to somewhere to focus and that's obviously going to be on the mining industry next."

Job impact

It is still unclear how many Tasmanian forest workers will lose their jobs under peace deal plans to halve the industry.

The Forest Industries Association's chief executive Terry Edwards says there will be job losses but a figure is not yet known.

"We don't resile from the fact that we made a hard decision."

Mr Edwards says some sawmills will close but not until the peace deal legislation passes both houses of parliament.

The Premier says it is her Government's priority to support regional timber communities.

"We will stand shoulder to shoulder with those affected as we help them to recover from it."

Ms Giddings says she is having productive conversations with the Commonwealth about extra funding to compensate workers affected by the industry changes.

It is not clear how much is being sought.

Peace deal negotiators have also sought extra funding to increase the plantation estate and manage the new reserves.

The Federal Government will already deliver $100 million in economic development funding if the Upper House passes the peace deal bill before the end of the year.

Forest control

It seems Forestry Tasmania will retain control of production forests under the forest peace deal bill.

A proposal to strip the government business of the power was being considered by the Government, under pressure from the Greens.

But environmental and industry groups have demanded in the forest peace agreement that the forest manager retain control to gain certification for remaining forestry activity.

Ms Giddings says she is backing the peace agreement in full.

"These are discussions that will have to be had obviously, we've only just received the final agreement, but we will be backing in the entire agreement."

Mr Mckim says while the party supports the bill, it does not deliver its policies as a whole.

"For example, the Greens do not and have never supported a legislated minimum sawlog quota in Tasmania and the Greens certainly do not agree with the institutional arrangements contained in the agreement," Mr McKim said.

The State Government will have to renegotiate its wood supply contracts with Ta Ann Tasmania, if the forest peace deal passes the Upper House.

The Malaysian-owned veneer producer is currently guaranteed 365,000 cubic metres of peeler billets, a by-product of sawlogs.

The peace agreement more than halves the state's annual sawlog quota.

Ms Giddings has not said whether Ta Ann will qualify for compensation.

"Ta Ann have been fully supportive of this process and I understand are fully supportive of this agreement and the alternative with no agreement is a huge risk that they will in fact leave this state and the jobs that they have will go with it."

"We don't want to see that happen," she said.

On Thursday, former Australian Greens leader Bob Brown welcomed moves to set aside almost 130,000 ha for world heritage status as part of the peace deal.

He was heckled by pro-logging campaigner Kelly Wilton as he spoke to reporters.

"How much of Tasmania is enough?"

Mr Brown responded: "The whole lot, I think Tasmania should be kept in tact and should be celebrated."

"So what's more important Bob, families or trees? We've already got with this new IGA that's over 50 per cent of our state is locked up," she said.

"The forests in Tasmania that are most important for biodiversity and threatened species are not going to be protected by the proposed reserves and they'll actually come under greater threat because logging will intensify here," he said.

"They will have less forests available to log, they'll continue logging at roughly the same rates."

Aboriginal claim

Tasmania's Aboriginal community is lobbying to manage new forest reserves under the peace deal.

The Tasmanian Aboriginal Centre's Michael Mansell says the land set for reservation should be managed by Aboriginal people, creating about 60 jobs.

"People could without doing any damage to the environment go and see the Aboriginal heritage talking about and which we say is second to none in the world."

"That's a potential income base for not only Aboriginal people, but it would boost tourism in Tasmania," he said.

The forest peace deal signed by environmentalists and the forest industry calls for the State Government to open negotiations with Aboriginal Tasmanians to progress a "fair reconciliation" of their claims.